Energy Occidental to Buy Oil Driller CrownRock for $10.8BCrownRock is backed by Lime Rock Partners and produces about 150,000 barrels of oil equivalent per day. December 11, 2023
Energy Chesapeake Investor Would Reportedly Support a Deal to Buy SouthwesternAnother potential deal that makes sense would be between Chord Energy Corp. of Houston and Calgary-based Enerplus Corp. November 20, 2023
Industrials Permian Resources to Acquire Earthstone for $4.5BPermian Resources and Earthstone operate an eleven-rig drilling program in aggregate. August 21, 2023
Private Equity LPs Show Fresh Appetite for O&G with $1B Kimmeridge FundSupport for the fund, which invests in unconventional development like hydraulic fracturing, shows LPs are willing to step back into this sector. August 9, 2023
Private Equity Shale Driller Civitas Enters Permian with $4.7B DealCivitas is purchasing some assets from Tap Rock Resources as well as Hibernia Energy III. June 20, 2023
Industrials Patterson-UTI Buys NexTier Creating Shale-Services GiantA combination of the companies’ pressure-pumping units would make it the No. 2 fracker with control of almost one-fifth of the market. June 15, 2023
Energy Cabot, Cimarex Merge to Create New Drilling Company Worth $17BThe deal is the latest sign that U.S. drillers are getting acquisitive. May 24, 2021